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John Friedrich's avatar

I’ll post more on cities to watch in terms of good spots for townhomes.

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P Rao's avatar

Awesome perspective —

- Brownstones are classics & definitely have an appeal. I think strategically looking at them is actually a niche in itself that I had not thought of until this article.

- I remember seeing them in Hoboken - and they definitely carry that historical aura. Also, you can’t fake the tradition and old school vibes of it as easy as it may seem.

- HOAs are so painful. I’ve noticed many brownstones having HOAs though, but I guess not everywhere.

- I know you called out the “Small Lot Subdivision Ordinance” and I think that’s LA’s name for it but I think many metros like Houston, Seattle have this. I’m not sure how quickly and easy the city planning dept makes these types of requests.

Questions

- When you do these projects, what’s your typical townhome quantity that you build on a plot?

- How do you scope out an area for townhome development? What signs do you like to see?

- Are there certain markets that you’ve seen the asymmetric upside of brownstones - compared to that markets condo/regular townhomes?

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